Financial release
Download document

Q3 2020-2021 revenue

Another quarter of strong growth

  • A very strong Q3 with revenue up 39% at constant exchange rates (+30% like-for-like)
  • Forward momentum driven by PlanetArt’s robust gains (+ 55% at constant exchange rates) and Avanquest’s return to top line growth
  • €373 million in revenue for the first nine months, up 28% at constant exchange rates (+20% like-for-like)

After a second quarter that confirmed the potential for profitability of our personalized e-commerce activities within an environment of reduced marketing investments, this third quarter offered yet another demonstration of Claranova’s growth potential. With nearly €100 million in revenue in this quarter and growth at constant exchange rates of 39%, Claranova registered another quarter of very strong growth and confirmed the relevance of our target for revenue of €700 million by 2023“,  commented Pierre Cesarini, CEO of Claranova group.

Q3 2020-2021 (January-March 2021) was Claranova’s 17th consecutive quarter of growth with revenue of €96 million, up 39% at constant exchange rates and 30% like-for-like from the same period last year.

This quarterly momentum reflected robust gains by the personalized e-commerce activities (PlanetArt), up 55% at constant exchange rates and the return to growth by the software publishing activities (Avanquest). Based on this particularly strong third quarter performance, Claranova reported revenue of €373 million for the first nine months (July 2020-March 2021) or growth of 28% at constant exchange rates and 20% like-for-like.

Press release